The only ones it seems that benefit from COSL is their NON BANK LENDER Members.

Look at Banksia Securities!!!!  To be fair we are on the hunt for one - just one satisfied complainant.

Our suggestion: Do not trust the NON BANK LENDERS as there is no protective mechanism to resolve issues.  The EDR appears to be hopelessly compromised but, perhaps a Royal Commission into the Banking & Finance Sector will expose why the neglect of legitimate consumer complaints has been permitted to languish for past two decades.

Please tell us if you have had a good experience with FOS......we would be fascinated to hear from you.

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